Wholesale inflation falls to 3-month low of 2.04% in July

New Delhi, August 14

Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released today showed.

The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year.

In April wholesale inflation stood at 1.19 per cent.

As per the data, food inflation in July was 3.45 per cent, down from 10.87 per cent in June, mainly due to month-on-month decline in prices of vegetables, cereals, pulses and onion.

Vegetables recorded a deflation of 8.93 per cent in July, against a 38.76 per cent inflation in the previous month.

“Positive rate of inflation in July, 2024 is primarily due to increase in prices of food articles, manufacture of food products, mineral oils, crude petroleum & natural gas, other manufacturing etc,” the Commerce and Industry Ministry said in a statement.

Inflation in fuel and power basket rose to 1.72 per cent in July, from 1.03 per cent in the previous month. — PTI